I would have never guessed that would be a factor.

Imagine if I decided to commit an entire morning in a specific neighborhood! 

Cash flow for lower-tier props can look amazing on paper, but there are a lot of other factors that make real-world returns less impressive.

Good morning BP,My wife and I are newbie investors here in the Buffalo, NY area and looking for referrals for a good Real Estate Attorney - preferably local. 

@Christopher Smith I agree the process is fairly straightforward but the risks of doing it yourself and having the IRS throw out your conclusion and taking on penalties and interest for under reporting income is something to factor into your cost decision.

Aside from property taxes, and analyzing rents in the area what other key factors should I be looking at to establish cap rates and potential profit?

Factors like taxes, expenses, and financing terms will also impact where the breakeven point is.

These issues can be financially devastating if not factored into the repair budget.

I received a call this morning from a lady in another city.

Are the conditions of a property a deciding factor even if the location is GREAT?